Tullahoma USDA Loan Rates, Closing Costs & Stats

Tullahoma-Manchester, TN

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Tullahoma's 35 lenders originated 106 USDA loans during 2022. The total origination value was $21,980,000, with an average USDA loan value of $207,358.

Tullahoma USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Tullahoma averaged 6.12% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

Tullahoma's average USDA mortgage closing costs are $5,050.

The average rate for the prior week (2024-02-09) was 5.96% and one month ago for the week of 2024-01-12, the average rate was 6.08%.

The average rate one year ago was 5.82%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.58%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Tullahoma USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tullahoma level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FIRST COMMUNITY MORTGAGE, INC. 21 4.64% $6,267
MORTGAGE INVESTORS GROUP, INC. 10 5.38% $5,147
First Vision Bank of Tennessee 9 4.80% $6,923
Renasant Bank 8 4.59% $6,109
First Horizon Bank 5 4.03% $5,106
FirstBank 4 4.47% $6,280
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.21% $10,169
The First National Bank of Middle Tennessee 3 3.88% $4,498
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 3.75% $9,137
GUARANTY HOME MORTGAGE CORPORATION 3 3.79% $6,291
CMG MORTGAGE, INC. 3 4.04% $6,694
ACOPIA, LLC 2 2.81% $8,100
F&M Bank 2 4.56% $6,380
STOCKTON MORTGAGE CORPORATION 2 4.75% $5,120
UNITED WHOLESALE MORTGAGE, LLC 2 4.88% $6,819
Legends Bank 2 4.75% $5,146
SOUTHWEST FUNDING, LP 1 4.75% $10,342
SWBC MORTGAGE CORPORATION 1 3.75% $7,089
THE MORTGAGE FIRM, INC. 1 4.25% $6,239
U.S. Bank 1 4.13% $3,769
AMERICAN FINANCIAL RESOURCES, INC. 1 3.63% $5,107
Assurance Financial Group, L.L.C. 1 5.13% $5,761
BROKER SOLUTIONS, INC. 1 6.75% $9,332
CALIBER HOME LOANS, INC. 1 3.25% $5,100
Citizens Tri-County Bank 1 5.25% $6,867
Colten Mortgage, LLC 1 5.63% $7,826
CROSSCOUNTRY MORTGAGE, LLC 1 4.50% $4,514
HOME POINT FINANCIAL CORPORATION 1 5.38% $7,470
Hometown Lenders, Inc. 1 6.75% $8,129
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.75% $3,242
MOVEMENT MORTGAGE, LLC 1 2.75% $6,183
NEWREZ LLC 1 5.75% $6,898
PENNYMAC LOAN SERVICES, LLC 1 3.49% $4,620
Pinnacle Bank 1 6.13% $6,117
SeaTrust Mortgage Company 1 6.75% $8,165

The top Tullahoma USDA lender as defined by loan originations is FIRST COMMUNITY MORTGAGE, INC., with 21 USDA loans originated. Their average total fees are $6,267, which is $1,119 higher than the next largest lender, MORTGAGE INVESTORS GROUP, INC..

The lowest fee Tullahoma USDA lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. ($5,147), FIRST COMMUNITY MORTGAGE, INC. ($6,267), .

The lowest rate Tullahoma USDA lenders (with over 10 loans originated) are FIRST COMMUNITY MORTGAGE, INC. (4.64%), MORTGAGE INVESTORS GROUP, INC. (5.38%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $238,675 (16.8%) $324,192 (16.9%) 0.00 342
2018-02-01 $257,050 (32.9%) $336,866 (22.8%) 0.00 331
2018-03-01 $269,900 (28.8%) $346,801 (20.5%) 0.00 336
2018-04-01 $252,175 (31.8%) $348,021 (16.0%) 0.00 332
2018-05-01 $269,175 (11.1%) $350,377 (2.0%) 0.00 334
2018-06-01 $249,900 (13.4%) $333,392 (3.7%) 0.00 359
2018-07-01 $249,900 (2.5%) $327,011 (-0.1%) 0.00 362
2018-08-01 $239,900 (3.0%) $313,549 (-0.1%) 0.00 366
2018-09-01 $230,400 (1.6%) $305,067 (-2.3%) 0.00 373
2018-10-01 $245,297 (2.3%) $315,374 (-1.9%) 0.00 375
2018-11-01 $242,027 (7.7%) $305,333 (-2.7%) 0.00 373
2018-12-01 $239,900 (0.8%) $299,391 (-9.8%) 0.00 366
2019-01-01 $240,963 (2.8%) $300,604 (-8.4%) 0.00 344
2019-02-01 $251,651 (-4.6%) $312,762 (-10.0%) 0.00 346
2019-03-01 $262,347 (0.6%) $321,727 (-4.9%) 0.00 320
2019-04-01 $268,956 (-2.5%) $328,633 (-2.0%) 0.00 300
2019-05-01 $274,998 (0.8%) $333,880 (-1.8%) 0.00 315
2019-06-01 $272,250 (-1.7%) $327,539 (-4.4%) 0.00 334
2019-07-01 $273,650 (2.1%) $331,516 (0.9%) 0.00 341
2019-08-01 $263,536 (3.9%) $321,741 (2.8%) 0.00 344
2019-09-01 $250,241 (7.2%) $311,359 (7.7%) 0.00 357
2019-10-01 $239,900 (3.9%) $303,649 (6.6%) 0.00 365
2019-11-01 $238,700 (0.1%) $302,117 (7.8%) 0.00 349
2019-12-01 $230,175 (1.2%) $296,483 (7.7%) 0.00 343
2020-01-01 $235,450 (0.0%) $306,425 (7.7%) 0.00 317
2020-02-01 $240,000 (-0.5%) $309,713 (3.7%) 0.00 302
2020-03-01 $259,900 (3.6%) $343,164 (5.5%) 0.00 286
2020-04-01 $248,825 (-1.0%) $320,920 (0.9%) 0.00 284
2020-05-01 $267,900 (1.5%) $341,365 (3.6%) 0.00 255
2020-06-01 $297,275 (8.5%) $362,673 (7.0%) 0.00 217
2020-07-01 $297,900 (6.2%) $352,374 (-1.1%) 0.00 201
2020-08-01 $320,000 (12.2%) $386,000 (1.6%) 0.00 178
2020-09-01 $305,700 (7.3%) $353,579 (2.7%) 0.00 151
2020-10-01 $304,900 (10.6%) $340,135 (4.6%) 0.00 149
2020-11-01 $315,975 (9.6%) $384,995 (8.7%) 0.00 140
2020-12-01 $278,675 (7.7%) $368,409 (9.7%) 0.00 139
2021-01-01 $256,500 (3.1%) $319,705 (4.4%) 0.00 135
2021-02-01 $269,900 (12.0%) $320,625 (10.6%) 0.00 119
2021-03-01 $293,900 (2.4%) $370,307 (7.5%) 0.00 107
2021-04-01 $329,900 (23.7%) $368,861 (29.6%) 0.00 100
2021-05-01 $419,450 (33.5%) $416,692 (18.5%) 0.00 117
2021-06-01 $393,450 (19.6%) $446,331 (27.3%) 0.00 119
2021-07-01 $339,900 (16.6%) $442,515 (26.3%) 0.00 148
2021-08-01 $357,400 (15.9%) $462,353 (25.5%) 0.00 171
2021-09-01 $373,675 (25.0%) $480,069 (25.5%) 0.00 186
2021-10-01 $379,450 (20.8%) $507,244 (33.0%) 0.00 175
2021-11-01 $369,900 (32.8%) $496,279 (34.3%) 0.00 179
2021-12-01 $359,900 (33.9%) $534,482 (40.9%) 0.00 160
2022-01-01 $359,900 (41.5%) $572,007 (46.7%) 0.00 135
2022-02-01 $372,450 (36.1%) $582,368 (43.2%) 0.00 132
2022-03-01 $391,825 (29.2%) $590,611 (40.3%) 0.00 148
2022-04-01 $379,700 (23.9%) $541,412 (16.3%) 0.00 177
2022-05-01 $366,925 (5.5%) $554,873 (25.9%) 0.00 219
2022-06-01 $403,925 (17.6%) $576,910 (16.2%) 0.00 276
2022-07-01 $399,900 (20.9%) $589,389 (18.1%) 0.00 319
2022-08-01 $415,450 (19.6%) $584,517 (20.1%) 0.00 345
2022-09-01 $407,450 (21.1%) $566,419 (24.9%) 0.00 349
2022-10-01 $389,900 (5.3%) $524,218 (5.9%) 0.00 421
2022-11-01 $374,950 (2.1%) $483,472 (-0.4%) 0.00 419
2022-12-01 $376,450 (6.7%) $483,439 (0.4%) 0.00 397
2023-01-01 $359,900 (2.7%) $476,092 (1.6%) 0.00 378
2023-02-01 $361,675 (-2.5%) $470,106 (1.7%) 0.00 351
2023-03-01 $357,500 (3.0%) $472,463 (0.4%) 0.00 349
2023-04-01 $414,900 (11.9%) $519,419 (11.1%) 0.00 327
2023-05-01 $419,450 (11.0%) $523,097 (3.4%) 0.00 351
2023-06-01 $405,325 (6.6%) $514,959 (2.0%) 0.00 384
2023-07-01 $426,950 (6.3%) $502,869 (-0.5%) 0.00 360
2023-08-01 $404,675 (-0.2%) $480,817 (-5.3%) 0.00 374
2023-09-01 $399,900 (-4.0%) $480,408 (-7.8%) 0.00 392
2023-10-01 $404,450 (10.4%) $479,487 (-3.1%) 0.00 413
2023-11-01 $399,450 (0.0%) $487,757 (-7.6%) 0.00 461
2023-12-01 $382,500 (0.0%) $469,125 (0.0%) 0.00 0
Tullahoma's median listing price for 2023-12-01 was $382,500, a difference of $6,050 (0.0%) versus the prior year and $-16,950 versus the prior month.

Tullahoma's median listing price comes in at 0% of the national average.

Tullahoma's average listing price for 2023-12-01 was $469,125, a difference of $-14,314 (0.0%) versus the prior year and $-18,632 versus the prior month.

For the 2023-12-01 period, Tullahoma had 0 MLS listings, a difference of -461 listings (-100%) versus the prior month and -397 listings (-100%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,191 sqft
2018-02-01 0 days 2,302 sqft
2018-03-01 0 days 2,300 sqft
2018-04-01 0 days 2,256 sqft
2018-05-01 0 days 2,324 sqft
2018-06-01 0 days 2,300 sqft
2018-07-01 0 days 2,313 sqft
2018-08-01 0 days 2,112 sqft
2018-09-01 0 days 2,050 sqft
2018-10-01 0 days 2,124 sqft
2018-11-01 0 days 2,117 sqft
2018-12-01 0 days 2,010 sqft
2019-01-01 0 days 2,006 sqft
2019-02-01 0 days 2,101 sqft
2019-03-01 0 days 2,155 sqft
2019-04-01 0 days 2,210 sqft
2019-05-01 0 days 2,284 sqft
2019-06-01 0 days 2,260 sqft
2019-07-01 0 days 2,250 sqft
2019-08-01 0 days 2,196 sqft
2019-09-01 0 days 2,088 sqft
2019-10-01 0 days 2,006 sqft
2019-11-01 0 days 2,007 sqft
2019-12-01 0 days 1,891 sqft
2020-01-01 0 days 1,942 sqft
2020-02-01 0 days 1,949 sqft
2020-03-01 0 days 2,151 sqft
2020-04-01 0 days 2,042 sqft
2020-05-01 0 days 2,112 sqft
2020-06-01 0 days 2,157 sqft
2020-07-01 0 days 2,141 sqft
2020-08-01 0 days 2,126 sqft
2020-09-01 0 days 2,062 sqft
2020-10-01 0 days 2,060 sqft
2020-11-01 0 days 2,035 sqft
2020-12-01 0 days 2,035 sqft
2021-01-01 0 days 1,809 sqft
2021-02-01 0 days 1,777 sqft
2021-03-01 0 days 2,037 sqft
2021-04-01 0 days 1,823 sqft
2021-05-01 0 days 1,911 sqft
2021-06-01 0 days 1,987 sqft
2021-07-01 0 days 1,850 sqft
2021-08-01 0 days 1,890 sqft
2021-09-01 0 days 2,060 sqft
2021-10-01 0 days 2,180 sqft
2021-11-01 0 days 2,022 sqft
2021-12-01 0 days 1,990 sqft
2022-01-01 0 days 1,964 sqft
2022-02-01 0 days 2,033 sqft
2022-03-01 0 days 2,031 sqft
2022-04-01 0 days 1,980 sqft
2022-05-01 0 days 1,952 sqft
2022-06-01 0 days 2,152 sqft
2022-07-01 0 days 2,130 sqft
2022-08-01 0 days 2,100 sqft
2022-09-01 0 days 2,113 sqft
2022-10-01 0 days 2,032 sqft
2022-11-01 0 days 2,004 sqft
2022-12-01 0 days 2,002 sqft
2023-01-01 0 days 1,976 sqft
2023-02-01 0 days 1,958 sqft
2023-03-01 0 days 1,921 sqft
2023-04-01 0 days 2,060 sqft
2023-05-01 0 days 2,101 sqft
2023-06-01 0 days 2,058 sqft
2023-07-01 0 days 2,064 sqft
2023-08-01 0 days 2,046 sqft
2023-09-01 0 days 2,086 sqft
2023-10-01 0 days 2,072 sqft
2023-11-01 0 days 2,016 sqft
2023-12-01 0 days 1,975 sqft
Tullahoma's median listing age (time on market) for 2023-12-01 was 0 days.

Tullahoma's median square footage for active listings during the 2023-12-01 period was 1,975 sqft. One year prior, the average listing was 2,002 sqft.